Jewelers Block

When in the business of distributing, selling or manufacturing high value goods such as precious metals or gems, a single loss or incident can have a devastating impact on business performance. Owners and manufactures can be rendered financially unstable if an individual item or collection becomes damaged or stolen. Obtaining the necessary insurance can provide remediation in case of burglary, robbery, shoplifting, grab and run, substitution and/or accidental damage.

Jewelers Block Coverage from Burns & Wilcox will provide access to coverage to protect your client’s entire inventory of gold, silver, diamond, and gemstone merchandise, as well as items that have been temporarily placed in their care. Jewelers Block Coverage is an all risk policy which provides tailored coverage for manufacturers, wholesalers, retailers, collectors and more.

Coverage Details and Features

Fine art and specie – $5M any one location

Buildings including business interruption – $2.5M at any one location

Commercial General Liability – $1M/$2M in the aggregate

Fully comprehensive all risks of physical loss or damage cover, including mysterious disappearance of stock whilst in store, in transit and at shows and exhibitions

Exterior glass and signs

Employee dishonesty

Machinery and equipment cover

Building code ordinance, demolition and increased cost of construction

Damage to premises rented to the insured

Preservation of property

Money orders and counterfeit paper currency

Fire department service charge

Medical expenses

Bodily Injury and Property Damage Liability

Coverage for the US, Canada and Caribbean

Worldwide cover for clients that travel with or send stock around the world

Low deductible options with rate credits available if desired

Target Classes

(including but not limited to)

Fine art galleries

Jewelry stores

Wine collections

Memorabilia and prized collections

Pearls, jewels, and other precious and semi-precious stones

Jewelry

Watches and watch movements

Gold, silver, platinum and other precious metals

Alloys

At Burns & Wilcox our expertise becomes your expertise. Our marketing materials are designed to help you give your clients what they want to hear – yes to almost any hard-to-place-risk.